Netflix Gains Most in Nearly Three Years on Subscriber Jump

Netflix Inc. gained the most since January 2021 after posting its best quarter for subscriber growth in years. The company credited a strong programming slate and its crackdown on password sharing.

The world’s top paid-streaming service said Wednesday it added 8.76 million customers in the third quarter, far exceeding analysts’ forecasts and boosting its overall subscriber base to 247.2 million. Netflix is raising prices for some customers in the US, UK and France, a sign of management’s confidence in the future even as rival streaming services lose money.

Investors have worried that Netflix might lose customers if it ...